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SPARQ SystemsSPRQF 35 Net-Net Working Capital is $0.03 as of Mar. 2026. GuruFocus rates SPRQF with a GF Score™ of 35/100 and a GF Value™ of $0.81 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,361 Industrial Products companies, SPARQ Systems ranks worse than 82.29% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
SPARQ Systems's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.03.
The industry rank for SPARQ Systems's Net-Net Working Capital or its related term are showing as below:
SPRQF's Price-to-Net-Net-Working-Capital is ranked worse than 82.29% of 1361
companies
in the Industrial Products industry
Industry Median: 7.74
vs SPRQF: 28.97
SPARQ Systems (OTCPK:SPRQF) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
SPARQ Systems Net-Net Working Capital Related Terms
SPARQ Systems Net-Net Working Capital Historical Data
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The historical data trend for SPARQ Systems's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SPRQF vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, SPARQ Systems's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SPARQ Systems Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SPARQ Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SPARQ Systems's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.03 mean?
SPARQ Systems (SPRQF) has a Net-Net Working Capital of $0.03 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on SPARQ Systems According to the industry distribution chart, SPARQ Systems ranks #1120 out of 1361 companies in the Industrial Products industry, placing it in the top 82.3%.
Is SPARQ Systems' Net-Net Working Capital too high?
SPARQ Systems' current Net-Net Working Capital is $0.03. The Industrial Products industry median Net-Net Working Capital is 7.74. SPARQ Systems' value of $0.03 is 99.6% below this industry median. Based on the distribution chart, SPARQ Systems ranks #1120 out of 1361 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, SPARQ Systems has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #1120 out of 1361 companies for Net-Net Working Capital. This places SPARQ Systems in the lower half of its industry. The industry median Net-Net Working Capital is 7.74. SPARQ Systems' value of $0.03 is 99.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.74, based on 1,361 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPARQ Systems's current Net-Net Working Capital of $0.03 is 99.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on SPARQ Systems For the Industrial Products industry, the median Net-Net Working Capital is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARQ Systems's current Net-Net Working Capital is $0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.81, compared to a current price of $0.87 — trading 7.3% above its estimated fair value. The current Net-Net Working Capital is $0.03 and 99.6% below the Industrial Products industry median of 7.74. SPARQ Systems' overall GF Score™ is 35/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For SPARQ Systems (SPRQF), the current Net-Net Working Capital is $0.03 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SPARQ Systems (SPRQF) Overvalued in 2026?
Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued.
The current stock price of $0.87 is trading 7.3% above its estimated GF Value™ of $0.81.
GuruFocus considers SPARQ Systems to be Fairly Valued.
Key valuation signals for SPRQF:
Net-Net Working Capital: $0.03
GF Value™: $0.81 vs. price of $0.87 (7.3% above fair value)
Industry Position: 99.6% below the Industrial Products median (#1120 of 1361)
No single metric tells the full story. See the SPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
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